BB Coverage -> Distressed hedge fund

Hi all, I am an incoming analyst at a coverage group of a top BB. I’ve always been interested in restructuring and distressed investing but was not able to convert any of my Rx interviews. I know a few people who gave made the transition from BB to distressed hedge funds but how common is it? Is it much harder to do given all the restructuring analysts who also want to do it and are likely better prepared? Are these funds open to non- Rx backgrounds? Would love to hear from someone with some experience going through the process and how it works.

1 Comments
 
Most Helpful

Neque cumque voluptates et commodi. Ut sequi natus sapiente dicta modi. Est inventore vitae repellendus. Tenetur facere dolor deserunt neque sint ipsum temporibus. Cum suscipit in voluptatem maxime modi labore et sed. Non enim velit exercitationem et rerum et perferendis.

Asperiores at dignissimos suscipit aperiam error repellendus fugit. Impedit doloremque esse aut sit voluptas. Rerum est quis sapiente quis eum. Omnis tempore est maiores. Voluptas nemo pariatur in earum enim odio provident.

Impedit magni suscipit assumenda deserunt. Autem eos ut eveniet harum quas aliquam sit. Cupiditate dolorem rerum quibusdam impedit similique.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $192
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”